46 Quotes by Kenny Tang
- Author Kenny Tang
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While overall sentiment is positive and fund flow remains strong, the sharp rise in oil prices overnight and interest rate fears gave investors an excuse to sell.
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While the underlying prospect of the mainland financial stocks' improving profitability and the appetite of foreign institutions over mainland's financial market remains, the recent slowdown is an adjustment for the second phase of growth.
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As the nation's largest player in this market, Nine Dragons would definitely grab more market attention than Lee & Man.
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Commodity stocks can still outperform the market. The U.S. economy is not going to slow down. There should be increased demand for commodities.
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There's some consolidation pressure after two days of strong gains.
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The risk of a further slump of Hong Kong stocks is not great, as there is no evidence there are capital outflows in the region. Strong support remains at the mid-February low of 15,241.
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The rise in property stocks was due to a technical rebound. These shares will come under further pressure as property sales are expected to slow in 2006 from a year earlier.
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The stock is likely to see as much as 30 per cent gain in the first trading day to follow the similar recent gain of other material stocks.
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Property stocks sprang to life after falling about 10 percent on average over the past six months as rising interest rates dampened property market sentiment.
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